ETC (Aug 18 2016)

POLONIEX:ETCBTC was born making a correction as usual in the most of the coins, it means the bull market is next, so patience, we need some sideways before rallying. Fundamentals: BTC will stay sideways before the last rally, ending finally in an important retracement. In the meanwhile ETC is strengthening its roots by the fast growing hashrate (strong mining farms joined), dev team and the community growth, also the fact ETC is born to ensure the blockchain principles must be unalterable.

Although there is a strong support at 0.0026, price could be threatened by wicked hands, so it is the only reason why etc would retest the bottom at 0.0003 (less probable for me), there is not any other factor to that.

My position: I am long but I play spot market for now.

3 months ago

Comment:
Why sideways for now?: well there is some uncertainty about the coins stolen, this coins will be defrosted at early september, so it is expected those coins are moved, or not. We will see.